Brett Barakett Adds To Position In Tile Shop Hldgs Inc. (TTS)
In a recently submitted filing with the Securities and Exchange Commission (SEC), Brett Barakett's Tremblant Capital revealed that it has increased its stake in Tile Shop Hldgs, Inc.
Tremblant Capital, founded in 2001 by Brett Barakett, is a global public equity investment firm. Barakett leads a team of experienced Sector Portfolio Managers (Sector PMs) who conduct deep fundamental research to identify investments trading significantly below their fair value. Tremblant's investment approach focuses on identifying and evaluating consequential changes, which often act as catalysts for compelling opportunities. The firm also integrates environmental, social, and governance (ESG) analysis into its research process to mitigate a range of investment risks.
Brett Barakett, the Founder and Chief Investment Officer of Tremblant Capital, has led the firm for 23 years, focusing on deep fundamental stock research. He has navigated through various industry cycles and market conditions, maintaining a long-short equity and long-only investment strategy with a senior team that has been together for at least sixteen years.
As of March 2024, Tremblant Capital Group manages discretionary assets totaling $1,031,656,797 for 4 clients. Their latest 13F filing for Q1 2024 reported $926,832,403 in managed 13F securities, with a top 10 holdings concentration of 50.31%. The firm's largest holding is Spotify Technology SA, with 231,542 shares.
